What is the value of an investment that pays $45,000 every other year forever, if the first
Question:
What is the value of an investment that pays $45,000 every other year forever, if the first payment occurs one year from today and the discount rate is an APR of 11 percent compounded daily? What is the value today if the first payment occurs four years from today?
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The cash flows in this problem occur every two years so we need to find the effective twoyear rate O...View the full answer
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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